7129 N Oakley Avenue
Chicago, IL 60645

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Description

First time on the market since 1948, this family-owned and well-maintained 9-flat sits on an oversized lot and 4 garage spaces. The property features six spacious one-bedroom units-designed with layouts that live like two-bedrooms-along with three traditional two-bedroom units. Recent improvements include a newer boiler, roof inspection, tuckpointing, and lintel repairs, ensuring strong structural integrity and low maintenance needs. Current rents are below market, offering immediate value-add potential and room for income growth.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60645
• Year Built: 1933
• Stories: 3
• Units: 9 units
• Lot Size: 7841 sq ft lot
• Zoning: MULTI
• # Of Dryers: 1
• # Of Ranges: 9
• # Of Refrigs: 9
• # Of Washers: 1
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 3.92
• Construction Materials: Brick
• Directions: Touhy one block east of Western. Oakley is a one way street going north.
• Electric Expense: 569
• Electric Expense Source: Actual
• Expense Year: 2024
• Fuel Expense: 8335
• Fuel Expense Source: Actual
• Gross Income: 100068
• Gross Rent Multiplier: 15.9
• Gross Scheduled Income: 100068
• Heat/Ventilation: Central Bldg Heat
• Information: 48-Hr Notice Required
• Insurance Expense: 6801
• Insurance Expense Source: Actual
• Janitor Expense: 585
• Lot Size Source: County Records
• Lot Size Square Feet: 7760
• Main Type: Commercial Sale
• Maintenance Expense: 7333
• Misc Inside: Storage Inside, Laundry Room
• Operating Expense: 37677
• Other Expense Source: Actual
• Outdoor Parking: Parking On-Site, Parking-Street
• Ownership Type: Corporation
• Repairs-Decor Expense Source: Actual
• Roof Structure: Flat
• Tax Annual Amount: 12215.58
• Tax Year: 2023
• Tenant Pays: Electricity, Other
• Total Annual Expense Source: Actual
• Total Monthly Income: 9850
• Township: Rogers Park
• Trash Expense: 3368
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Interior Entrance
• Washer/Dryer Lsd (Y/N): Yes
• Water Expense Source: Actual
• Water Sewer Expense: 1953